State Farm Cancels Super Bowl Ad Plans As L.A. Fires Rage

Growth has stagnated and job vacancies are declining, while inflation is rising, making it difficult for the Bank of England to cut interest rates. Chancellor Rachel Reeves faces upcoming challenges, including a rise in employers' national insurance, stamp duty, and the end of business rates relief for pubs and hospitality businesses. Trump's tariffs on Europe could further impact the UK's largest export market. Reeves should consider phasing in the NI rise, reforming business rates, and...

HP Inc. is taking proactive measures to address potential tariffs on goods made in China, including relocating manufacturing operations and increasing inventory purchases. These actions are aimed at minimizing the impact of the expected tariffs on the company's operations and bottom line. HP Inc. is strategically preparing for the looming tariffs by making strategic moves to mitigate any potential disruptions in its supply chain. Full Article

Roula Khalaf, Editor of the FT, curates Unlock the Editor’s Digest, featuring top stories like OpenAI's launch of GPT-4.5, a large AI model with reduced hallucination rates. Amidst fierce competition in the AI industry, OpenAI continues to invest in large models despite potential cost challenges, and is considering limiting developer access to GPT-4.5 due to high operational expenses. Chief executive Sam Altman notes the model's high cost to train and run, emphasizing its unique intelligence...

Meta has fired approximately 20 employees for sharing confidential information with the press and external parties, citing a strict no-leaks policy. The crackdown followed leaks of company meetings and memos, with Meta's CEO and CTO addressing the issue. In addition to layoffs based on performance, Meta has implemented a new system called Community Notes for content moderation across its platforms, replacing its previous fact-checking system. Full Article

Saori Kawano, founder of Korin Inc., revolutionized the American culinary scene by introducing authentic Japanese knives, kitchen tools, and tableware in 1978, leading to the popularity of Japanese cuisine among big-name chefs and restaurants. Through her TriBeCa showroom, she has cultivated a vast network of connections and knowledge, fueling the rise of Japanese food in the United States and establishing herself as a crucial link between the American and Japanese culinary worlds. Ms. Kawano's dedication,...

Rolls-Royce, the engine maker, continued its winning streak by surpassing analyst expectations and providing medium-term guidance indicating ongoing growth. The company's stock has been a top performer in Europe for the past two years. The positive earnings report and future outlook have fueled investor optimism in Rolls-Royce's prospects. Full Article